BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When examining for deficiencies of stock, a firm would not make allowances for which of the following?
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Changes in market conditions
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Stealing by customers
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Thefts by employees
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Wastage of goods
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Explanation:
Detailed explanation-1: -The taking of goods away from customers who fail to keep up with hire purchase payments is known as what? Reapportionment.
Detailed explanation-2: -Gross lease It is a type of lease where the landlord pays all the property expenses out of the rent received from the tenant. The list of such expenses includes taxes, insurance, and maintenance.
Detailed explanation-3: -Hire purchase price: it is the price at which the goods are sold under ‘hire purchase system’ it includes cash price of the goods and interest. 5. Installment money: it is the part of the hire purchase price paid by hire purchaser, in periodic intervals.
There is 1 question to complete.